SIE Exam Practice Question 58
Question: 58
Contributions made to a traditional or Roth IRA may consist of ___________.
Correct Answer: A
Explanation:
Contributions made to a traditional or Roth IRA may consist of cash only. Securities or fine arts may not be contributed to a traditional or Roth IRA. Any non-cash assets in a non-retirement brokerage account that are to be transferred to a retirement account, must first be liquidated (sold) so they can be transferred in as cash.
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